Savannah morning news. [volume] (Savannah) 1868-1887, 1887-03-25
DEBTS OF THE HUNTERS.
THE LIABILITIES $5f6,1O AND
THE ASSETS S3S3, 1000.

One Firm and Five Banks Interesteo
to the Extent of $104,OOO-Presidenf
Long Unable to Say to- What Extent
His Name Has Been Fraudu emily
Used.
PHILADELPHIA, March 24.-The liabl's
ties OF the firm OF James Il John Hun
ter, so far discovered amount to S194,o0O,
divided as follows: Keene, Bodine & Co,
S102, 900, Mechanics National Bank $5j,-
600, Fourth Street National Bank $4,000,
Third National Bank Sc, 400, West
Philadelphia National Bank $14,S00,
independence National Bank $4,000.
All the compromising paper
bears the name of James Long, President
Of the Union Trust Company. Mr.. Long
says be does not know to how much
paper his name has been forged, but tha
forged paper has been estimated as ,high
as three-fourths of the entire amount. In
addition TO the amounts mentioned there
is supposed to be a large amount OF papett1
afioaJ which bears only the firms name,d(
A rumor that james Hunter took al
steamer for Brazil yesterday gained
ground this morning, as nothing has been
heard from him since Tuesday, when he
left the city ostensibly for New York.
GREAT ANXIETY.
There is naturally great anxiety among
business men with whom James IL John
Hunter had dealings to know whether or
not their names have been used after the
manner that Mr.. Longs has, aud time
only can bring out this fact. There ls
| said to be quite a large amount of the
| 1rm'9 own notes in existence, and there
| is prevailing opinion that John Hunter
| has baen involved in complete financial
| ruin by his brothers. misdoings.
Since John Hunter became Receiver Of
| Taxes, several years ago, he has devoted
| his whole time to the duties of that Office,
| leaving his business entirely in the hands
OF his brother.
ALL IN DOUBT.
President ROmnel, OF the Mechanics
| National Bank, said to-day that his bank
had notes Of James 81 John Hunter,
| bearing MIR. Longs name to an aggregate
| Of about $50, 600, but that Mr.. Long had
as yet been unable to decide which OF
| these notes bore true and which forged
| signature. 'All ne could tell us at pres-
ent was that he had memoranda in his
bill book of all the Hunter paper he was
on. or course, we don't know how many
OF the notes we hold are good. James
| Long is, of course. all right. and Is se-
cured by mortgage of 100000. We
| knew the firm was In want of money, but
had no idea Of this terrible thing until
| yesterday.
OLD CUSTOMERS.
| ''I was greatly surprised. The Hunters
khave banked with US for thirty-fve years.
| | don't know whether James Hunter was
| sane or not, but l am pretty sure he will
commit suicide. don't think he has the
moral courage to come back and face the
music. IL the firm we're in trouble, why
| didn't they let their friends know it
| They have scores of sound friends who
would have been glad To help them out
| honorably."
DIDN'T CARRY MUCH AWAY.
A friend of James Hunter, who knea
him intimately, says he does not believe
| the man had more than $40 or $50 when
he left the city. The theory is that when
certain notes matured James Hunter firsC
| resorted to the desperate scheme Of fOrx.
ing James Longs signature. This was
kept up, it is supposed, for years. one
| forged note being used to lit another al
| successive dates at maturity.
The appraisement of the property OF
James 81 JOAn Hunter has not been
| commenced yet. and it will be days be-
fore the full value OF the assets is known,
GUESSING AT THE FIGURES.
A mere guess at the visible assets anG
| liabilities has been made, as follows:
Assets-Wynue Wood farm. $500, 900;
| Connestoga mills, $100,000; Norristown
mills. $50 900; John Hunters residence,
$4,000; James Hunters residence, $6,.
600; 5otal, $3S3000.
Ll0bilities-NOtes upon which suit has
been begun. $l56, 100; paper taken up out
OF the Merchants' Bank, 500, 900; paper
taken up out Of the Keystone National
Bank, $4,000; two mortgages on the
| Wynne Wood farm, $4,000; mortgage
on the Connestoga mills, $l00,000; mort
gage on the Norristown mills, $25, 900;
mortgage held by John Maguire, $6O,OOO,
total, $516, 100.
| The Cl,urcF, EttIt Dasaa5